RE:Somethings up
Frank007 wrote: Just how is cgx influenced by the price of oil since it has and even if wei I a gusher ....cgx has no cash flow ...the soonest it can produce cash flow is with the port project ....
Because CGX's position will be taken out well before production. They are the JR here and have neither the cash or the intentions, IMO, to be there for production.
If the area gets de-risked and proven up a major will farm-in and move forward in combination with FEC. A buy-out preproduction will be influenced by the current price of oil.
Whether or not the port is part of it or CGX holds onto it is another question. Again my opinion.